Latest news
Latest news
◆ EU regs plan sparks debate over treatment of secured borrowing ◆ Blistering corporate and FIG issuance but why are premiums rising in one market but not the other? ◆ UK Renters' Rights Act to impact UK buy-to-let RMBS market
New law expected to accelerate the dominance of professional landlords
Together added to the sterling market with a small ticket CRE CMBS
More articles
More articles
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Morningstar is on track to release its first ratings on residential mortgage-backed securities in the fourth quarter, according to Brian Grow, managing director. -
Knight Capital is looking to grow its home equity conversion mortgage-backed securities business, part of a strategy to aggressively pursue market share in the sector.
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Allstate Insurance has filed suit against Goldman Sachs for selling it more than $100 million worth of residential mortgage-backed securities that Allstate claims the investment bank knew were junk.
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The latest version of Regulation AB II, the Securities and Exchange Commission’s massive asset backed securities reform, does not include a risk-retention requirement, since the agency considers Dodd-Frank rules adequate on skin-in-the-game concerns.
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The performance of loans in Spanish residential mortgage-backed securities showed a “moderate weakening trend” in the second quarter, according to Moody’s Investors Service.
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The lull in European structured finance is expected to last another week before the market kicks back into action, according to syndicate desk heads in London.
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Standard & Poor’s has downgraded 1,692 classes of 244 Alt-A and jumbo residential mortgage-backed securities as it revised down its expectations on the underlying loans.
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The short-selling ban on bank stocks in France, Belgium, Spain and Italy is not likely to have a direct impact on European securitizations, but that’s not stopping the sector’s paper from continuing to fall in what bankers are calling an “ugly” market environment.
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Securitization syndicate desks in Europe are said to be already sounding out buyers for potential new issues following the summer lull, but are being more cautious in their conversations with investors.
